Inflation ‘likely to increase to same levels as UK this year’
Tuesday 25th January 2011, 2:57PM GMT.
Food prices have increased by three per cent in Jersey
INFLATION in Jersey is likely to soar to the levels currently being suffered in the UK, the Island’s Chamber of Commerce has warned.
According to figures released last week, the cost of living in Jersey increased by 2.3 per cent last year – well below the 4.8 per cent increase experienced in the UK.
And although the price of many goods increased, the cost of clothes and footwear in Jersey dropped by four per cent while increasing by ten per cent in the UK. The cost of household goods also dropped by three per cent in Jersey, while increasing by three per cent in the UK.
However, David Warr, Jersey Chamber of Commerce vice-president, warned today that higher levels of inflation were likely to catch up with Jersey during the coming months.
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Where do all these figures come from? Its utter nonsense! Every time I have shopped in the UK, albeit in major supermarkets, every single product, foodstuff or item of clothing was cheaper than I get here.
Now I know I’m not a one man retail survey, but just using my own eyes and by the simple task of remembering how much stuff is here, I cannot believe the ‘ findings ‘ of this report.
Who commissioned it? A local retail chain . . . . ?
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Hmmmm not too sure on that one……. anyone else see that the GDP in UK dropped by 0.5% in the last quarter of 2010? Just a blip due to the weather? or is a double dip recession on the cards?
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The only stuff I have seen going down in price is sale goods. Normal everyday goods have gone up,Lurpak butter for instance is now £3.08, only two pound odds in UK, bread is another story. Where do they get their figures?
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I would like to know how much the price of food went up last quarter – that would be a better indicator of the actual cost of living.
E.g. one packet of biscuits went up from 77p to 89p this week in Spar – I wonder if that is in anticipation of Senator Ozouf’s hike in GST?
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and some more , no doubt.
i was having a chat this morning to a person , who was talking about rising prices , and used to just get food from wherever, and just paid up.
but this year( must of noticed the lack of change) could not belive the hike in prices .
the gap between the have’s and have not’s, has got a bit wider this week(becoming a chasm).
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I bet our wages won’t increase at the same level! Whilst those at the top continue to get the cream, those at the bottom will continue to get the leftovers and waffle about tough economic times!
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which household goods dropped it certainly wasnt the necessities like food.
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Big difference for me in Jersey compared to the UK is tax and social security levels.
In the UK I would pay 50% income tax and a further 10% National Insurance.
In Jersey I pay 20% income tax and about 4% social security.
Makes a huge difference to my take home pay.
Also in the UK I used to pay £150 per month community charge. In Jersey I pay nothing.
Road tax in UK (for my gas guzzler) is about £400. Nothing in Jersey.
On my savings in the UK I would again pay 50% tax. In Jersey I pay 20%.
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Hardly surprising that the expectation is for inflation to increase – the increase in GST alone will add 1.94% to the cost of everything before any underlying price movements come into play.
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These are twisted statistics. The economy and fiscal policies of the UK and Jersey are not in step, hence the two economies do not bare comparison unless it is over the medium to long term. The JEP readership is being presented with drivel without the benefit of robust journalistic inquiry.
Sadly, unless there is serious scrutiny and moderation, the coming months will see more statistical drivel as the opposing political camps penal their cases. The real losers are the poor voters of Jersey.
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@3 Nellie.
“E.g. one packet of biscuits went up from 77p to 89p this week in Spar – I wonder if that is in anticipation of Senator Ozouf’s hike in GST?”
Nah…. that is just Spar Value
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Gods 7,These differences which you claim enhance your quality of life in Jersey are negated by the Much higher cost of housing, whether you rent or have a Mortgage any spare money you might have is used financing the roof over ones head.
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gods mentor , your road tax is lumped into your fuel bill.
some years ago now , road tax was abolished and replaced with fuel tax (but not for floating gin palaces) if you run a petrol lawnmower you are taxed on that too.
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#12 ‘…your road tax is lumped into your fuel bill.
some years ago now , road tax was abolished and replaced with fuel tax (but not for floating gin palaces) if you run a petrol lawnmower you are taxed on that too.’
So, couldn’t you go down the pier and fill up a can with two-stroke for the mower, saying it was for the British Seagull outboard?
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#7 God`s Mentor
The 50% Tax Band in the UK applies to earnings over £150,000.Clearly, therefore, you must earn in excess of £150,000 and good luck to you.
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But the UK tax rate is still 40% on earnings over 37.4k to 150k, which is hell of a lot higher than Jersey…..
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(13) c le verdic, sadly not cost effective to drive to south pier.
just a example of how the ordinary person who needs taxed fuel to run somthing,a lawnmower chainsaw e.c.t. whilst money bags with the gin palace,enjoys a tax free fuel.
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